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Buy Electric Scooter EV On EMI & Zero Downpayment
The wave of electric scooters is sweeping across India, revolutionizing urban mobility with its numerous benefits over traditional petrol-powered counterparts. With zero emissions, these eco-warriors are making our planet greener. And the cherry on top? They are incredibly cost-effective, as the price of electricity pales in comparison to that of petrol.
If you’re eager to join the electric scooter movement but find yourself constrained by upfront expenses, fret not! You now have the option to purchase an electric scooter on Equated Monthly Installments (EMI) with zero down payments with Finnable.
Why Should You Buy an Electric Scooter EV On EMI?
Picture yourself zipping through traffic with ease, a grin stretching from ear to ear as you effortlessly glide on your very own electric scooter. And guess what? You don’t have to wait until you have a mountain of cash to make it happen. With electric scooter EMI, the door to your two-wheeled dreams is wide open!
Now, let’s dive into why electric scooter financing is the ultimate ticket to thrill and convenience:
– Ride into Freedom: Embrace the freedom of flexible payments! An electric scooter loan on EMI allows you to break down the cost into affordable monthly installments. No need to drain your savings or compromise on your aspirations. It’s time to make the streets your playground and feel the exhilaration of owning an eco-friendly ride.
– Finances with a Spark: Electric scooter loans offer more than just convenience; they come with attractive interest rates and favorable terms. By choosing EMI, you’re not just joining the electric revolution, but also saving big on fuel costs and maintenance expenses.
– Seamless and Simple: The beauty of the electric scooter EMI lies in its simplicity. Say goodbye to complex financing procedures and say hello to a streamlined process that puts you in the driver’s seat faster than ever.
– Tailored for You: Electric scooter on emi near me offers a range of loan terms to suit your unique financial comfort zone. Whether you prefer a shorter repayment period or smaller monthly installments over a more extended duration, the choice is yours.
Electric Scooter EMI Calculator
Before applying for a Electric Scooter on EMI, why not be a little more certain about your EMI loan and its interest rate?
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Loan EMI
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Total Interest Payable
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Total Amount Payable
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Electric Scooter EV Key Specifications & Features
There are a number of electric scooters in the market such as Ola S1 Pro, Ather 450X, TVS iQube, Hero Electric Optima, Bounce Infinity E1 and many more.
| Scooter | Range | Top Speed | Motor | Battery |
|---|---|---|---|---|
|
Ola S1 Pro |
170 km |
116 kmph |
5500 W |
4 kWh |
|
Ather 450X |
146 km |
90 kmph |
3300 W |
3.7 kWh |
|
TVS iQube |
100 km |
78 kmph |
3000 W |
3.04 kWh |
|
Bajaj Chetak |
90 km |
63 kmph |
3800 W |
3 kWh |
|
Hero Electric Optima CX |
82 km |
42 kmph |
550 W |
1.5 kWh |
|
Ampere Magnus EX |
121 km |
53 kmph |
1200 W |
2.2 kWh |
|
Bounce Infinity E1 |
85 km |
65 kmph |
1500 W |
1.9 kWh |
Electric Scooter EV Price List
| Scooter | Price (Avg) |
|---|---|
|
Ola S1 Pro |
₹1,03, 827 (Ex-showroom) |
|
Ather 450X |
₹1,14,814 (Ex-showroom) |
|
TVS iQube |
₹1,14,793 (Ex-showroom) |
|
Bajaj Chetak |
₹1,18,981 (Ex-showroom) |
|
Hero Electric Optima CX |
₹67,329 (Ex-showroom) |
|
Ampere Magnus EX |
₹84,058 (Ex-showroom) |
|
Bounce Infinity E1 |
₹88,478 (Ex-showroom) |
How to Buy Electric Scooter On EMI With Finnable?
Setup Profile
Set up a profile via the Finnable website or by downloading the personal loan app from the Play Store and providing your contact information.
Choose Type of Loan
Choose the type of loan and enter the amount needed. Select an EMI plan that works best for you.
Check Eligibility
You can check your eligibility for the loan, by simply submitting our eligibility check form.
Submit Documents
Submit the required documents.
Congrats! Your bank account will be credited once the documents have been validated.
Electric Scooter Loan Eligibility Criteria
- Profession - Fulltime Job in Public or Private Sector
- Age - Above 21 years and below 60 years
- Minimum monthly income - 20,000
- Credit score - 700 and above
- Must be a citizen or resident one of: - India
Documents Required for Electric Scooter Loan
- Income Proof - Salary Slip of Last one Month
- Professional selfie - (Taken only through the App)
- Address Proof - DL | Aadhar | Passport
- ID Proof - V-ID | Aadhar | Passport | PAN Card
FAQ About Electric Scooter EV EMI & Down Payment
The EMI amount for an electric scooter depends on various factors, including the purchase price of the scooter, the loan tenure, the interest rate offered by the lender, and any down payment to be made. With Finnable you can easily calculate the EMI using our EMI Calculator.
Apart from the principal amount and interest, there might be additional charges or fees associated with an electric scooter EMI. These could include processing fees, administrative charges, or prepayment penalties.
Defaulting on EMI payments can have serious consequences. It may result in penalties or increased interest rates. It's crucial to communicate and inform us if you encounter financial difficulties and miss your EMI payment.
Yes, you may have the flexibility to choose a loan tenure that suits your financial situation. Opting for a shorter tenure will result in higher EMIs but lower overall interest payments, while a longer tenure will result in lower EMIs but higher overall interest payments. With Finnable you can choose any tenure from 6 months to 3 years according to your feasibility.
The eligibility criteria for an electric scooter on EMI may vary from lender to lender. However, generally, you should be between 21-45 years of age, have a stable source of income, and a good credit score.
With Finnable, you can buy an electric scooter on EMI with zero down payment.
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